The bill establishes a new section, 288.1035, in the Florida Statutes, which mandates the Department of Commerce to assess and collect an annual registration fee not exceeding $100 per registrant. This fee is intended to fund the costs associated with administering the voluntary Florida Manufacturing Promotional Campaign. Additionally, the bill stipulates that the collected fees must be deposited into the Economic Development Trust Fund, specifically for the purpose of managing the campaign.
The act is contingent upon the effective date of HB 561 or similar legislation, meaning it will only take effect if that legislation is adopted within the same legislative session or an extension thereof. This ensures that the funding mechanism for the promotional campaign is aligned with broader economic development initiatives in the state.